Cash-2U - debt management Debt management plans for UK residents only -
 US residents click here
 
[Home] [Calculator] [Enquiry] [Mortgages/Remortgages] [News] [FAQs] [Payday Loans] [Debt Management]

Debt Management

If you've arrived at this page you probably have some sort of debt problem and are looking for a solution. You could consider a debt consolidation loan, which may reduce your payments in the short term, but will mean you have to pay more in the long run. If you would like to make an enquiry about debt consolidation please fill out our debt consolidation enquiry form.

Alternatively you should consider debt management. To find out more about debt management please read on.

How does debt management work?

We organise a debt management plan on your behalf. This provides a structured repayment schedule for your unsecured debts.

Who can apply for a debt management plan?

If you have three or more creditors and can afford to pay at least £100 per month towards your debts you could consider a debt management plan.

What are the benefits of a debt management plan?

  • Day to day control of your debts is passed to the debt management plan company

  • The debt management plan company handle all communication with your creditors and they negotiate repayments on your behalf

  • The debt management plan company will attempt to have interest frozen on your accounts

  • You send one payment each month to your debt management plan company and they send the appropriate amount to each individual creditor

Are there any disadvantages to this plan?

  • Unlike with an Individual Voluntary Arrangement (IVA), you do not have any court protection and dissatisfied creditors may still continue legal action against you

  • Creditors may not freeze interest on your accounts

  • There is no 'end date' to your debt problems. A debt management plan should be considered a short-term solution.
For your free, no obligation assessment, please complete our debt management enquiry form.

For more information on IVAs and other forms of debt solutions visit Debts 2 Go for debt problems.

© Cash 2U Loans UK - All rights reserved

THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.
The actual rate available will depend upon your circumstances. Ask for a personalised illustration. Loans are subject to status and available to homeowners aged 18 or over.
Loans may be secured on your home. Calls may be recorded.
Rates 7.9% APR to 19.6% APR Variable The overall cost for comparison is 11.9% APR Typical/Variable.

Earn extra cash fast